Inter’s €60M Net Profit Requirement From Summer Transfer Window Needed To Make Up For €120M In Losses For Fiscal Year Ending In June 2022, Italian Media Detail

Inter’s €60M Net Profit Requirement From Summer Transfer Window Needed To Make Up For €120M In Losses For Fiscal Year Ending In June 2022, Italian Media Detail
June 13, 2022 16:20
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Inter are targeting a net profit of €60 million in the summer transfer market in order to make up for around €120 million in losses during the fiscal year ending in June 2022.

This according to today’s print edition of Turin-based newspaper Tuttosport, who detail the rationale behind the widely-reported amount of €60 million sought by the club in terms of net profit from sales and signings.

Last summer, Inter’s financial goals were even more ambitious, as the club looked to bring in a net profit of over €100 million due to the €245 million losses in the fiscal year ending in June 2021.

This time around, the losses are not as serious and so the goal is not as large as it was last summer, but the economic effects of the pandemic continue to be felt and so the club need to bring cash in to make up for losses.

Given that owners Suning are restricted from investing money into the Nerazzurri to make up for losses by regulations in China, the money must come in from the transfer market.

Accordingly, the club have set €60 million net profit as the amount that can keep them on target for their plans to stabilize and become financially self-sufficient, in addition to slashing the wage budget by 10-15%.

By Toni Weeler

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